Japan’s investment in Vietnam has sharply increased in the first four months this year and this trend is expected to continue in the coming time.

Among 32 countries and territories having new investment projects in Vietnam since the beginning of this year, Japan took the lead with fresh capital of nearly US $2.9 billion, accounting for 67.1% of the total foreign investment.

According to the Foreign Investment Agency under the Ministry of Planning and Investment, Japan currently ranks the fourth out of 94 countries and territories having direct investment in Vietnam with 1,664 valid projects worth US $23.6 billion.

Vietnam has continued to be an attractive destination for Japanese firms, according to surveys by the Japan External Trade Organization (Jetro). An online survey by a prestigious Japanese newspaper has also shown that Vietnam is the most attractive destination to expand production

Mr. Sakae Yoshida, Jetro President, said, since April 2011, over 2,400 Japanese investors have registered to get to know about Vietnam via Jetro. Besides big firms, many Japanese small-and medium-sized enterprises are also investing in Vietnam.

Mr. Hiroshi Hiramoto, General Director of Japanese securities firm JSI, said many Japanese companies want to buy stocks of well-performing Vietnamese enterprises, especially large private groups.

Picking up opportunities

In June, a Vietnamese business delegation will visit Osaka to seek business cooperation opportunities with Japanese investors.

Hai Phong is now one of Japanese investors’ favorite investment destination thanks to the city’s effort to lure Japan’s big companies and development of supporting industry to serve Japanese investors.

Meanwhile, in Da Nang, the number of small- and medium-sized enterprises from Japan is increasing.

Noticeably, the Japanese investors’ capital quality and investment structure are in line with Vietnam’s orientation for foreign investment attraction, said the Ministry of Planning and Investment.

Source: VGP News